Willow Creek Wealth Management Inc. bought a new position in Newell Rubbermaid Inc. (NYSE:NWL) during the second quarter, Holdings Channel reports. The fund bought 31,377 shares of the company’s stock, valued at approximately $1,524,000. Newell Rubbermaid comprises approximately 1.2% of Willow Creek Wealth Management Inc.’s portfolio, making the stock its 7th largest position.
Several other hedge funds have also recently modified their holdings of NWL. Chase Investment Counsel Corp purchased a new stake in shares of Newell Rubbermaid during the second quarter worth about $3,992,000. Calamos Advisors LLC purchased a new stake in shares of Newell Rubbermaid during the second quarter worth about $51,878,000. Calamos Wealth Management LLC purchased a new stake in shares of Newell Rubbermaid during the second quarter worth about $1,945,000. American Century Companies Inc. boosted its stake in shares of Newell Rubbermaid by 169.9% in the second quarter. American Century Companies Inc. now owns 5,729,092 shares of the company’s stock worth $278,262,000 after buying an additional 3,606,287 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in shares of Newell Rubbermaid during the second quarter worth about $879,000. Institutional investors and hedge funds own 93.12% of the company’s stock.
Newell Rubbermaid Inc. (NYSE:NWL) traded down 0.50% during trading on Wednesday, hitting $52.14. The stock had a trading volume of 3,477,587 shares. The company’s 50-day moving average is $52.91 and its 200 day moving average is $48.58. Newell Rubbermaid Inc. has a 52 week low of $33.26 and a 52 week high of $55.45. The firm has a market cap of $25.14 billion, a PE ratio of 50.57 and a beta of 1.27.
Newell Rubbermaid (NYSE:NWL) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm earned $3.86 billion during the quarter, compared to the consensus estimate of $3.76 billion. Newell Rubbermaid had a return on equity of 18.55% and a net margin of 3.91%. The business’s revenue for the quarter was up 147.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 EPS. Equities analysts expect that Newell Rubbermaid Inc. will post $2.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.46%. The ex-dividend date was Monday, August 29th. Newell Rubbermaid’s dividend payout ratio is currently 76.00%.
A number of brokerages have recently issued reports on NWL. Jefferies Group reiterated a “top pick” rating and set a $66.00 target price on shares of Newell Rubbermaid in a report on Wednesday, September 14th. Zacks Investment Research cut Newell Rubbermaid from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Citigroup Inc. reiterated a “buy” rating and set a $61.00 target price on shares of Newell Rubbermaid in a report on Tuesday, August 2nd. RBC Capital Markets reiterated a “buy” rating on shares of Newell Rubbermaid in a report on Monday, August 1st. Finally, Deutsche Bank AG boosted their target price on Newell Rubbermaid from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, August 1st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Newell Rubbermaid has a consensus rating of “Buy” and an average target price of $57.27.
About Newell Rubbermaid
Newell Brands Inc, formerly Newell Rubbermaid Inc, is a global consumer goods company. The Company’s brands consists of Paper Mate, Sharpie, Dymo, EXPO, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Irwin, Lenox, Oster, Sunbeam, FoodSaver, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo, First Alert, Waddington and Yankee Candle.
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